Texas Insurance Code - Section 403.051. Estimate Of Profits
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§ 403.051. ESTIMATE OF PROFITS. An insurer organized
under the laws of this state may not include the following in the
estimate of the insurer's profits for the purpose of paying
dividends under Section 403.001:
(1) the reserve on all unexpired risks computed in the
manner provided by this code;
(2) the amount of all unpaid losses, whether adjusted
or unadjusted; and
(3) all other debts due and payable, or to become due
and payable, by the insurer.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 402.053 402.101 402.102 402.103 402.104 403.001 403.002 403.051 403.052 403.053 403.101 403.102 404.001 404.002 404.003
Last modified: August 11, 2007
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